Some property tax limitations,such as California's Proposition 13,only do significant reassessment of property taxes when houses are sold.This creates _____

Question

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California's Proposition 13 and similar property tax limitations result in inequity between homeowners of comparable houses when they are taxed at different rates due to differences in the amount of time they have owned their homes. This creates a disincentive to move because homeowners may face significantly higher property taxes if they sell their homes and move elsewhere, but may pay much lower taxes if they remain in their current home. This can lead to homeowners staying in homes that no longer meet their needs or desires, and may limit the supply of available housing for sale in the market. Additionally, it creates an incentive to rent instead of owning a home, as renters are not responsible for paying property taxes.

Some Property Tax Limitations,such as California's Proposition 13,only Do Significant